View Our Homes http://www.view-our-homes.com a blog about Calgary and Area Real Estate en-ca (C) 1996-2017 Norm Rousseau & Sylvia Garrett MaxWell Realty 120 Wed, 14 Jun 2017 04:15:26 G6T Wed, 14 Jun 2017 04:15:26 G6T http://www.view-our-homes.com/Post/127a4039-4826-4fa8-a7c7-47640f560dbd Wed, 14 Jun 2017 04:15:26 G6T http://www.view-our-homes.com/Post/127a4039-4826-4fa8-a7c7-47640f560dbd <p>Home News by Ephraim Vecina 14 Jun 2017<p>HomEquity Bank’s release of its updated figures pointed at record-breaking performance over the first five months of 2017, mainly powered by the increasing number of seniors taking on reverse mortgages.<p>The lone provider of the CHIP Reverse Mortgage product saw a new high of $60M in its reverse mortgage originations last month, representing a year-to-date increase of 35 per cent compared with the same period a year ago.<p>“Canadian seniors are releasing the equity they’ve built in their homes, transforming it from passive to active,” HomEquity Bank president and CEO Steven Ranson said.<p>“We’ve seen a shift in mindset: there’s a broader understanding that home equity – which is often the largest single asset for Canadians – can be easily unlocked,” Ranson noted, adding that this was a natural consequence of seniors (who are now living longer and more active lives) being able to take advantage of the steady appreciation of Canadian residential real estate.<p>“Historically, the average age of our clients is 72,” the bank exec explained. “Working together with financial planners and mortgage brokers, we’re finding that people incorporate equity release into their financial outlook at an earlier age.”<p>More and more Canadians aged over 55 are also contributing to the housing or educational dreams of their children (and even grandchildren) as the “bank of mum and dad,” Ranson added.</p> Proportion of seniors in reverse mortgage market trending upward Norm Rousseau http://www.view-our-homes.com/Post/c0939b22-3da7-4a5f-921a-839c0caedf18 Sat, 03 Jun 2017 07:47:27 G6T http://www.view-our-homes.com/Post/c0939b22-3da7-4a5f-921a-839c0caedf18 <p> Apartment-style inventory levels totaled 1,780 in May, 11 per cent higher than last year’s levels and accounting for nearly 30 per cent of city wide inventory. Inventory gains were mostly under $300,000 and occurred across all districts except the North West. Apartment benchmark prices totaled $271,200 in May, 2.9 per cent below, and over 11 per cent below 2014 monthly highs. Apartment price adjustments have varied across the city, with the largest peak to trough declines occurring in the South East, South and City Centre district. This is likely related to the amount of new condominium construction in these areas.  Detached sales improved across all price ranges representing 65 per cent of all Calgary sales in May, the highest level since 2012. The largest detached sales growth occurred in the $600,000 - $999,999 range. The North West sector recorded the tightest market conditions in the detached sector. Months of supply have averaged below two months in the detached sector, which accounts for over 70 per cent of sales in the area. Tighter conditions have supported modest price growth so far this year. The west area has seen the most significant turnaround in detached prices this year. Year to-date benchmark prices are $713,580. This is a 2.7 per cent increase over last year and just below highs recorded in 2015.</p> CREB HOUSING MARKET FACTS Norm Rousseau http://www.view-our-homes.com/Post/58184a70-38f5-4c26-ad17-eb25119577f1 Fri, 02 Jun 2017 03:13:03 G6T http://www.view-our-homes.com/Post/58184a70-38f5-4c26-ad17-eb25119577f1 <p>CREB May. 2017 <p>City of Calgary, June 1, 2017 – Fueled by the detached sector, Calgary home prices trended up for the fourth consecutive month, but remain below 2014 highs. <p>“The economic climate is supporting detached housing market recovery,” said CREB® chief economist Ann-Marie Lurie. <p> “Improved demand and easing supply has created more balanced conditions and ultimately some modest price gains. While it will still take some time for prices to recover, the transition in the detached segment is an important first step to stabilization across all segments of the housing market.”<p>For the first time since June 2015, prices in the detached sector did not decline on a year-over-year basis. Unadjusted detached benchmark prices reached $509,000 in May, one per cent higher than last month and May 2016 levels. Home prices remained stable in May Demand for detached housing continues to rise Norm Rousseau http://www.view-our-homes.com/Post/72f54396-6504-4aaf-837f-2f6a611e52ba Mon, 01 May 2017 08:43:59 G5T http://www.view-our-homes.com/Post/72f54396-6504-4aaf-837f-2f6a611e52ba <p>● Year-over-year sales activity has improved in each sector of the market. However, overall activity remains below long-term averages in most segments. <p>● Despite the year-over-year rise of detached new listings in April, overall inventory levels continue to remain 20 per cent below last year’s levels, keeping months of supply at 2.09. <p>● Growth in new condominium apartment listings continues to outpace growth in sales. This is leading to higher inventory levels and a month of supply that’s nearly six months. <p>● Oversupply in the apartment condominium sector is placing further downward pressure on pricing. In April, apartment benchmark prices totaled $269,200, which is 0.19 per cent blow last month and 4.23 per cent below last year’s levels. To date, apartment prices have contracted by nearly 12 per cent over 2014 highs. <p>● Semi-detached prices totaled $390,200 in April, a 0.15 per cent increase compared to last month and 1.72 per cent higher than prices recorded one year ago. Meanwhile, row prices totaled $305,900 in April, 0.59 per cent above last month, but 2.83 per cent below last year. <p>● Year-to-date sales activity has either improved or remained at the same level as last year in all districts except the NE. Much of this growth is fueled by improved detached activity. <p>● Within the detached sector, year-to-date benchmark prices have improved in the North West, West and East areas of the city compared to last year.</p> HOUSING MARKET FACTS FOR APRIL 2017 Norm Rousseau http://www.view-our-homes.com/Post/db2e66f8-368a-4916-8fa6-8514e9336701 Mon, 01 May 2017 08:36:11 G5T http://www.view-our-homes.com/Post/db2e66f8-368a-4916-8fa6-8514e9336701 <p><strong>City-wide prices hold steady as labour market improves.</strong> <p>Calgary's housing market continued to show signs of stability in April. With improvements in the labour market and a balanced detached sector, city-wide benchmark prices reached $439,600 in April, similar to the previous month, but 0.90 per cent below last year's levels. <p>"More jobs means less uncertainty for people who are sitting on the fence," said CREB® president David P. Brown. "There also tends to be fewer people who need to sell when employment improves, and that can prevent inventory gains and further price reductions in the market. It's a good scenario for sellers who are entering a spring market that's in better shape than anything we've seen in recent years."<a href="http://www.view-our-homes.com/File/capture.png"><img title="Capture" style="border-top: 0px; border-right: 0px; background-image: none; border-bottom: 0px; float: left; padding-top: 0px; padding-left: 0px; border-left: 0px; margin: 6px 32px 0px 0px; display: inline; padding-right: 0px" border="0" alt="Capture" src="http://www.view-our-homes.com/File/capturethumb.png" width="534" align="left" height="259"></a> <p>While adjustments are still occurring in the apartment condominium sector, the detached segment of the market is improving across all price segments.</p> Housing market retains momentum in April 2017 Norm Rousseau http://www.view-our-homes.com/Post/e0ba7bcb-617c-4dde-a057-fa965ae106a3 Thu, 20 Apr 2017 05:44:03 G4T http://www.view-our-homes.com/Post/e0ba7bcb-617c-4dde-a057-fa965ae106a3 <p><strong>INSPECT YOUR ROOF</strong><br>Inspect for wind, snow, or ice damage. Check to see that the roof shingles are secure, tightly fastened and in good condition. If any of the shingles are loose, repair with asphalt roofing cement. If they are damaged or missing, replacement will be necessary and may require professional help.<br>Inspect the flashing around the chimney, plumbing vent stacks, electrical masts, and in valleys where roofing sections meet. Repair or re-flash if the flashing has deteriorated.</p> <p> A great way to initially inspect the shingles is with field glasses then if it looks damaged call an expert.</p> <p><a href="http://www.view-our-homes.com/File/shingle-maintenance2.jpg"><img title="Shingle Maintenance" style="border-top: 0px; border-right: 0px; background-image: none; border-bottom: 0px; float: left; padding-top: 0px; padding-left: 0px; border-left: 0px; display: inline; padding-right: 0px" border="0" alt="Shingle Maintenance" src="http://www.view-our-homes.com/File/shingle-maintenancethumb.jpg" width="534" align="left" height="333"></a> Spring Home Maintenance Norm Rousseau http://www.view-our-homes.com/Post/1751f9e0-bf11-4136-bcf7-d08b8122a741 Sat, 15 Apr 2017 10:27:34 G4T http://www.view-our-homes.com/Post/1751f9e0-bf11-4136-bcf7-d08b8122a741 <p><b>PRIME LOCATION! PRIVACY! HUGE SOUTH FACING PIE LOT WITH MATURE TREES! LAKE PRIVILEDGES! </b> <p><b></b> <p>This bright and appealing home provides a flexible and open floor plan. The gorgeous renovated kitchen showcases beautiful cabinetry, large granite island, upgraded stainless appliances including an induction stove and built in coffee station. <a href="http://www.view-our-homes.com/File/virtualtour234231172.jpg"><img title="virtual-tour-234231-17" style="border-left-width: 0px; border-right-width: 0px; background-image: none; border-bottom-width: 0px; float: left; padding-top: 0px; padding-left: 0px; margin: 5px 17px 0px 0px; display: inline; padding-right: 0px; border-top-width: 0px" border="0" alt="virtual-tour-234231-17" src="http://www.view-our-homes.com/File/virtualtour23423117thumb.jpg" width="534" align="left" height="356"></a>Sunny breakfast nook overlooking the private yard, comfortable family room, den and upgraded bathrooms. Three good sized bedrooms including the master with a 5 piece ensuite and dual vanities. The fully finished lower level features a spacious media room, recreation room, 4th bedroom and 3 piece bath. Great outdoor space with large deck for entertaining and BBQ’s and a hot tub for relaxing. Your family will enjoy year round fun at the lake and leisurely walks in Fish Creek Park and the Bow River Pathways. <p>● Government of Canada ecoENERGY Retrofit – Homes Program</p> <p>● 4-Star Electric’s Residential Electricity Safety audit</p> <p>Details &amp; Photos: <a title="http://www.maxwellrealty.ca/listing/c4110519-247-mt-victoria-pl-se-calgary-alberta-t2z-1p4/" href="http://www.maxwellrealty.ca/listing/c4110519-247-mt-victoria-pl-se-calgary-alberta-t2z-1p4/">http://www.maxwellrealty.ca/listing/c4110519-247-mt-victoria-pl-se-calgary-alberta-t2z-1p4/</a></p> <p>Virtual Tour: <a title="Virtual Tour" href="http://www.myvisuallistings.com/vt/234231">Virtual Tour</a></p> McKenzie Lake two storey Norm Rousseau http://www.view-our-homes.com/Post/df657780-719b-4504-b765-a45f12ac81c9 Tue, 04 Apr 2017 02:15:42 G4T http://www.view-our-homes.com/Post/df657780-719b-4504-b765-a45f12ac81c9 <p><em>Detached prices stabilize as city-wide inventory trends down</em> <p>After a long period of disconnect between supply and demand, Calgary's detached housing sector is firmly in balanced territory. Sales were still 10 per cent below long-term trends in March, but above levels seen in recent years, while average inventory declined compared to last year, supporting price stability in the detached market.<a href="http://www.view-our-homes.com/File/capture.png"><img title="Capture" style="border-top: 0px; border-right: 0px; background-image: none; border-bottom: 0px; float: left; padding-top: 0px; padding-left: 0px; border-left: 0px; margin: 6px 20px 0px 0px; display: inline; padding-right: 0px" border="0" alt="Capture" src="http://www.view-our-homes.com/File/capturethumb.png" width="534" align="left" height="248"></a> <p>"It's not so much that demand went through the roof in March, but that we had less supply come onto the market, which is really helping to balance things out," said CREB® president David P. Brown. "These changes are lifting the cloud of uncertainty for housing consumers and nicely positioning our market as we move into the more active spring season."</p> Housing market set for favourable lead into spring March 2017 Norm Rousseau http://www.view-our-homes.com/Post/79a1e446-d787-42d0-8548-0a84e3297bc6 Mon, 20 Mar 2017 03:18:35 G3T http://www.view-our-homes.com/Post/79a1e446-d787-42d0-8548-0a84e3297bc6 <p><b>Tax Deductions and Tax Credits: What’s The Difference?</b> <p>by Robb Engen | Mar 14, 2017 | Taxes <p>Canadian taxpayers have until April 30th, 2017 to file their 2016 taxes. However, before the calendar turns over to a new year many Canadians want to know how best to maximize their tax refund or minimize what they owe the government. <p>The two main ways to reduce taxes owing are through tax deductions and tax credits. What’s the difference between a deduction and a credit? Let’s explore: <p><a href="http://www.view-our-homes.com/File/photo2.jpg"><img title="photo" style="border-left-width: 0px; border-right-width: 0px; background-image: none; border-bottom-width: 0px; float: left; padding-top: 0px; padding-left: 0px; margin: 0px 132px 11px 0px; display: inline; padding-right: 0px; border-top-width: 0px" border="0" alt="photo" src="http://www.view-our-homes.com/File/photothumb.jpg" width="584" align="left" height="257"></a></p> <p><b></b> <p><b></b> <p><b></b></p> SOME IDEAS FOR ANYONE WHO FILES TAXES Norm Rousseau http://www.view-our-homes.com/Post/48519d3b-7c89-45cc-a49a-33802cd815c3 Tue, 14 Mar 2017 08:35:48 G3T http://www.view-our-homes.com/Post/48519d3b-7c89-45cc-a49a-33802cd815c3 <p><a href="http://calgaryherald.com/author/alanna-smith">Alanna Smith<br></a>Published on: March 3, 2017 | Last Updated: March 3, 2017 6:02 PM MDT <p><b><a href="http://www.view-our-homes.com/File/clipimage0022.png"><img title="clip_image002" style="border-left-width: 0px; border-right-width: 0px; background-image: none; border-bottom-width: 0px; float: left; padding-top: 0px; padding-left: 0px; margin: 0px 18px 0px 0px; display: inline; padding-right: 0px; border-top-width: 0px" border="0" alt="clip_image002" src="http://www.view-our-homes.com/File/clipimage002thumb.png" width="484" align="left" height="363"></a><strong></strong></b> <p><strong>What do we know about the Government of Alberta’s solar rebate program?</strong> <p>The Alberta government has created a $36-million solar <a href="https://www.alberta.ca/release.cfm?xID=463610A3269CE-0D2C-C140-6E391B3112A56664">rebate program</a> to cut solar installation costs. The program will offer rebates of up to 30 per cent for homeowners. <p>The rebate will be 75 cents per watt, but there will be a cap, said Environment Minister Shannon Phillips. <p>Further details on qualifying systems and installation and eligibility requirements will be released in coming months. The government is currently looking for a third party to deliver the program.&nbsp; </p> Do solar panels make sense for Alberta homeowners? Norm Rousseau